SPY - EW: Alt Count | Finishing W-5 of W- C of Yellow Wave B
This is an update:
So far this is playing out pretty well. We are building wave 4 through next week with an anticipated low of around 411-415 which is gap fill and area's of support. We created on the 15 minute a wave A down which looks like a 5 wave move down so could be generating a zig-zag down for higher degree wave A. Today's high looks like a B wave however, I'm being conservative as we could be finishing wave B towards upper grey area for tomorrow around 429-430.
Key area's i'm watching:
Up side:
427, 429, 430
Down side:
425, 424, 422, 420
Good Luck Traders!
So far this is playing out pretty well. We are building wave 4 through next week with an anticipated low of around 411-415 which is gap fill and area's of support. We created on the 15 minute a wave A down which looks like a 5 wave move down so could be generating a zig-zag down for higher degree wave A. Today's high looks like a B wave however, I'm being conservative as we could be finishing wave B towards upper grey area for tomorrow around 429-430.
Key area's i'm watching:
Up side:
427, 429, 430
Down side:
425, 424, 422, 420
Good Luck Traders!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.